Modeling the Effect of the Market Access Charge on Exchange Rates, Interest Rates and the US Economy

This Working Paper examines the impact of the proposed Market Access Charge (MAC) on international capital inflows into the US economy and the domestic US economy. We build a model including the relationships between US capital flows, the dollar exchange rate, US trade, and the US domestic economy. Our conclusion is that a 5% MAC…

Aluminum Tariffs Re-Imposed After Canada Breaches USMCA Commitment

By Jeff Ferry, CPA Chief Economist Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which violated Ottawa’s USMCA promise to avoid increased imports. According to the August 6th presidential proclamation, “Imports of non-alloyed unwrought aluminum from Canada during June 2019 through May 2020 increased 87 percent…